Callaway 2012 Annual Report Download - page 83

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CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Callaway Golf Shareholders
Preferred
Stock Common Stock Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Grantor
Stock Trust
Treasury Stock Non-controlling
Interest TotalShares Amount Shares Amount Shares Amount
Balance, December 31, 2009 ..................... 1,400 $ 14 66,296 $663 $257,947 $ 464,951 $ 6,240 $(7,414) (1,823) $(24,110) $2,624 $ 700,915
Exercise of stock options ......................... — — — — (59) — — 538 — — — 479
Tax deficit from exercise of stock options and
compensatory stock ........................... — — — — (564) — — — — — — (564)
Acquisition of treasury stock ...................... — — — — — — — — (88) (725) — (725)
Compensatory stock and stock options .............. — — 21 — 7,341 — — 1,571 — — — 8,912
Issuance costs of preferred stock ................... — — — — (54) — — — — — — (54)
Employee stock purchase plan .................... — — — — (412) — — 2,887 — — — 2,475
Stock dividends ................................ — — — — 9 (103) — 94 — — — —
Cash dividends ................................ — — — — — (13,067) — — — — — (13,067)
Adjustment of grantor stock trust shares to market ..... — — — — 27 — — (27) — — — —
Equity adjustment from foreign currency translation . . . — — — — — — 7,324 — — — — 7,324
Change in non-controlling interest ................. — — — — — — — — — — (358) (358)
Net loss ...................................... — — — — — (18,804) — — — — 346 (18,458)
Balance, December 31, 2010 ..................... 1,400 $ 14 66,317 $663 $264,235 $ 432,977 $13,564 $(2,351) (1,911) $(24,835) $2,612 $ 686,879
Tax deficit from exercise of stock options and
compensatory stock ........................... — — — — (83) — — — — — — (83)
Acquisition of treasury stock ...................... — — — — — — — — (227) (1,587) — (1,587)
Compensatory stock and stock options .............. — — 24 — 2,889 — — 1,655 394 5,026 — 9,570
Employee stock purchase plan .................... — — — — (2,035) — — 634 290 3,596 — 2,195
Stock dividends ................................ — — — — 123 (123) — — — — — —
Cash dividends ................................ — — — — — (13,093) — — — — — (13,093)
Adjustment of grantor stock trust shares to market ..... — — — — (62) — — 62 — — — —
Equity adjustment from foreign currency translation . . . — — — — — — 507 — — — — 507
Change in non-controlling interest ................. — — — — — — — — — — (341) (341)
Net loss ...................................... — — — — — (171,820) — — — — 587 (171,233)
Balance, December 31, 2011 ..................... 1,400 $ 14 66,341 $663 $265,067 $ 247,941 $14,071 $ — (1,454) $(17,800) $2,858 $ 512,814
Preferred stock to convertible note exchange ......... (632) (6) — — (60,072) — — — — — — (60,078)
Preferred stock to common stock exchange .......... (350) (4) 5,867 59 (55) — — — — — — —
Acquisition of treasury stock ...................... — — — — — — — — (122) (783) — (783)
Issuance of treasury stock ........................ — — — — (3,716) — — — 309 3,735 — 19
Compensatory stock and stock options .............. — — 56 1 3,141 — — — — — — 3,142
Stock dividends ................................ — — — — 145 (145) — — — — — —
Cash dividends ................................ — — — — — (11,019) — — — — — (11,019)
Equity adjustment from foreign currency translation . . . — — — — — — 699 — — — — 699
Change in non-controlling interest ................. — — — — — — — — — — (399) (399)
Net loss ...................................... — — — — — (122,946) — — — — 259 (122,687)
Balance, December 31, 2012 ..................... 418 $ 4 72,264 $723 $204,510 $ 113,831 $14,770 $ — (1,267) $(14,848) $2,718 $ 321,708
The accompanying notes are an integral part of these financial statements.
F-7